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Finance

Finance for 49 mini-grids in Sierra Leone and Uganda

Winch Energy has announced the project, which it hopes will be a significant bridgehead towards building $100 million worth of off-grid systems within two years, alongside Franco-Japanese partner Neot Offgrid Africa.

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Peer-to-peer leased solar for African schools

Abe Cambridge, chief executive and founder of solar cell-level, crowdfunding-based PV leasing business The Sun Exchange has spoken to pv magazine about the company’s project pipeline and its focus on bringing affordable clean power to schools.

Solaredge records pandemic progress despite tough final quarter

Full-year revenues nudged up despite tough comparisons with the end of 2019 for the final quarter of last year. The inverter maker expects to log revenues of $385-405 million in the current three-month window.

UK makes Europe’s latest battery gigafab announcement

Coventry City Council, in the English West Midlands, wants to attract a £2 billion gigafab and is already in talks with nearby motor manufacturers, and with global battery suppliers, according to regional politician Andy Street.

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EU allocates more cash to help small businesses join green transformation

The European Union agency responsible for providing finance to small and medium-sized businesses will have 64% more funds to disperse after the EIB, European Commission and its other shareholders voted to raise its share capitalization.

EU spot market module prices: A wrench in the works

Looking back at the past year, the renewables sector has seen two extremes. In Germany, disparities were triggered in part by the recently passed amendment to the Renewable Energy Sources Act (EEG). For solar PV in particular, the pendulum will swing in favor of installers of small systems in the near term, writes Martin Schachinger of pvXchange. For installations up to 30 kWp, the new law has cleared market barriers.

Guggenheim Solar Index: Strong beginnings

Solar stocks enjoyed a good start in 2021, writes Jesse Pichel of ROTH Capital Partners. In the United States, the Biden administration’s focus on climate change and the expectation of further incentives for renewables saw solar stocks rally in January. The global forecast is also positive, with China and others set for big installation numbers.

EU set to release initial €7.5bn of green transition fund

With the European Parliament formally voting through a €672.5 billion recovery and resilience fund, the baton will pass to the heads of the European Council and its grouping of economic ministers. It is hoped an initial, 13% slice of the fund will be available to member states from early next month.

Sunseap connects 23 MW in Vietnam under FIT regime

The developer said it installed and commissioned seven solar rooftops in just three months despite Covid-19 travel restrictions.

Enphase closes 2020 with a strong Q4

After a Covid-19-stunted Q2, the company reported improved revenues for a second straight quarter, and closed 2020 with revenues north of $770 million.

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